Advisors Asset Management Inc. Sells 6,174 Shares of Bunge Global SA $BG

Key Points

• Advisors Asset Management Inc. reduced its stake in Bunge Global SA by 35.1% during the 1st quarter, now owning 11,436 shares valued at approximately $874,000.
• In contrast, other institutional investors like American Trust Investment Advisors LLC and Evergreen Capital Management LLC increased their holdings in Bunge by 60.2% and 63.0%, respectively.
• Analysts have a consensus rating of "Moderate Buy" for Bunge Global, with a target price set at $85.33, indicating potential growth despite a year-over-year revenue drop of 3.6%.

Advisors Asset Management Inc. decreased its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 35.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,436 shares of the basic materials company's stock after selling 6,174 shares during the quarter. Advisors Asset Management Inc.'s holdings in Bunge Global were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. American Trust Investment Advisors LLC grew its holdings in shares of Bunge Global by 60.2% during the first quarter. American Trust Investment Advisors LLC now owns 106,219 shares of the basic materials company's stock valued at $8,117,000 after buying an additional 39,905 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of Bunge Global during the first quarter valued at approximately $236,000. Baird Financial Group Inc. grew its holdings in shares of Bunge Global by 6.8% during the first quarter. Baird Financial Group Inc. now owns 23,497 shares of the basic materials company's stock valued at $1,796,000 after buying an additional 1,497 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Bunge Global by 63.0% during the first quarter. Evergreen Capital Management LLC now owns 54,003 shares of the basic materials company's stock valued at $4,127,000 after buying an additional 20,877 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Bunge Global by 15.7% during the first quarter. State of Wyoming now owns 5,189 shares of the basic materials company's stock valued at $397,000 after buying an additional 705 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

BG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Bunge Global in a report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target on the stock. Morgan Stanley raised their target price on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.33.

Insider Buying and Selling at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the purchase, the director directly owned 7,164 shares of the company's stock, valued at $585,513.72. The trade was a 231.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Bunge Global Stock Performance

Shares of Bunge Global stock traded down $1.21 on Monday, hitting $80.41. 1,593,196 shares of the company's stock were exchanged, compared to its average volume of 1,947,463. The company has a 50-day simple moving average of $80.35 and a 200-day simple moving average of $78.58. The stock has a market capitalization of $16.09 billion, a PE ratio of 8.03, a PEG ratio of 6.09 and a beta of 0.67. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $100.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.12. The business had revenue of $12.77 billion for the quarter, compared to analysts' expectations of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company's revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, equities analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.